Not sure what President Trump’s proposed tax plan means for you? Financial Experts Joe and Al walk you through the various ways the tax plan could impact your tax bill from your individual taxes to your estate taxes.
1:06 – History of Tax Reform
2:00 – President Trump’s Tax Plan: Individual Taxes, Estate Taxes, Business Taxes, Winners & Losers
3:30 – Simple, Fair Postcard Tax Filing
4:21 – Proposed Rates
6:10 – Standard Deductions
6:30 – Itemized Deductions
7:46 – True or Fales: All middle-class taxpayers will pay less income taxes under the Trump tax reform proposal.
8:47 – Countdown to Retirement: Taxes and your 401(k)
11:46 – Medicare Surtax
12:43 – AMT (Alternative Minimum Tax)
13:45 – Estate Taxes
14:50 – Corporate Tax Rates
16:57 – True or False: Trump’s tax reform proposal calls for the highest earners to pay more than he proposed during the campaign.
18:09 – Winners & Losers of the proposed tax reform proposal
19:32 – Email Question: Would reducing the rate on corporate income impact my retirement accounts that are heavily invested in stocks?
21:03 – Email Question: I’m a small business owner with 7 employees. Will the proposed tax cuts benefit me?
20:32 – Email Question: If the death tax is repealed will I need to revisit my estate plan?